TIDMSGN

RNS Number : 5785Y

Solgenics Limited

05 May 2023

News Release

PDMR Dealing

5 May 2023: Solgenics Limited (the "Company") announces it has been notified that on 4 May 2023, Scott Fletcher, Non-Executive Director, purchased an aggregate of 11,944,347 ordinary shares of no par value in the Company ("Shares").

Scott Fletcher's purchases were made in compliance with the Company's share dealing policy, increasing his beneficial interest in Ordinary Shares in the Company to 154,423,436 Ordinary Shares, representing 27.26 per cent. of the Company's issued share capital.

Enquiries

For further information please visit www.solgenics.com or contact:

 
 Solgenics:                  Hanno Pengilly                     +27 (0) 71 362 3566 
 Liberum Capital Limited:    Scott Mathieson, Edward Thomas,    +44 (0) 20 3100 
  NOMAD & Joint Broker        Kane Collings                      2000 
 Novum Securities 
  Limited                                                       +44 (0) 20 7399 
  Joint Broker               Colin Rowbury                       9427 
 
   Pimlico Advisory 
   Ltd                                                          +44 (0) 777 56 55 
   Investor Relations        Elizabeth Johnson                   927 
 

About Solgenics

Solgenics is an African renewable energy development company focused on the development of a 300MW solar PV plus BESS renewable energy in the Tete Province in northern Mozambique (the "Tete Solar Project").

It is the intention that the Tete Solar Project will connect to the Mozambique grid with target power offtakers in Mozambique and the Southern African Power Pool ("SAPP").

The Tete Solar Project takes full advantage of Mozambique's leading sustainable energy resources and is fully aligned with Government's objective to become a champion for energy transition impacting all Southern Africa.

On 3 May 2023, Solgenics announced that it will shortly be posting a circular to shareholders (in connection with a proposal for the cancellation of admission of the ordinary shares of no par value in the Company ("Ordinary Shares") to trading on AIM (the "Cancellation"), pursuant to Rule 41 of the AIM Rules for Companies. Accordingly, if the resolution to approve the cancellation is approved by shareholders, the last day of dealings in the Ordinary Shares on AIM is expected to be 6 June 2023, and the Cancellation is expected to become effective at 7.00 a.m. on 7 June 2023.

The notification below is made in accordance with the requirements of the MAR.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
  1   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Scott Fletcher 
     ---------------------  ------------------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status        Non-Executive Director 
     ---------------------  ------------------------------------------------------ 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                   Ncondezi Energy Limited 
     ---------------------  ------------------------------------------------------ 
 b)   LEI                    2138003W7PP9STE9J18 
     ---------------------  ------------------------------------------------------ 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------------- 
 a)   Description            Ordinary shares of no par value 
       of the financial 
       instrument, 
       type of instrument 
 
       Identification         VGG640631039 
       code 
     ---------------------  ------------------------------------------------------ 
 b)   Nature of              On-market purchase of Ordinary Shares 
       the transaction 
     ---------------------  ------------------------------------------------------ 
 c)   Price(s) and             Price(s)                  Volume(s) 
       volume(s)                 GBP 
                                           1. 0.002                  1. 1,000,000 
                                            2. 0.002286               2. 5,000,000 
                                            3. 0.002285               3. 5,000,000 
                                            4. 0.00224                4. 944,347 
                                                         ------------------------- 
     ---------------------  ------------------------------------------------------ 
 d)   Aggregated 
       information 
       - Aggregated            11,944,347 
       volume 
       - Price                 0.00226 GBP 
     ---------------------  ------------------------------------------------------ 
 e)   Date of the            4 May 2023 
       transaction 
     ---------------------  ------------------------------------------------------ 
 f)   Place of the           London Stock Exchange, AIM 
       transaction 
     ---------------------  ------------------------------------------------------ 
 

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END

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(END) Dow Jones Newswires

May 05, 2023 04:30 ET (08:30 GMT)

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